Team owners continue to get out of paying for venue upgrades when they are responsible for keeping it at a “First-Class Condition”
This week, the new owner of the Portland Trail Blazers, Tom Dundon, told Portland city leaders that he won't negotiate with them until language is changed in the lease agreement between the city and the team. Specifically, Dundon is demanding the removal of language in the agreement that requires the team to keep the Moda Center (their home arena) in first-class condition. When an agreement includes a “First-Class Condition” or “State-of-the-Art” clause, it requires the…
